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Jacobs (JEC) Posts In-Line Q3 Earnings, Misses on Revenues

Zacks

Pasadena, California-based Jacobs Engineering Group Inc. JEC provides engineering and other services related to design and construction of major facilities, plants, infrastructure and other projects. JEC shares high brand value in the market but is also exposed to certain risks of external market uncertainties.

The company has a track record of beating three estimates in the last four trailing quarters, with a positive average beat of 5.80%.

Currently, JEC has a Zacks Rank# 4 (Sell) but that could change following its third-quarter fiscal 2017 (ended Jun 30, 2017) earnings report which has just released. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

We have highlighted some of the key details from the just-released announcement below:

Earnings: Adjusted Earnings per share came in at 79 cents, in line the Zacks Consensus Estimate.

Revenue: Revenues of $2,515.7 million were below the Zacks Consensus Estimate of $2,532 million.

Key Stats: Jacobs aims to generate profitable commercial growth on the back of tactical restructuring programs. The company intends to improve its business on the back of strategic cost saving plans and record backlog levels. Based on the current market conditions, the company anticipates fiscal 2017 earnings to lie within $3.00-$3.15 per share range.

Stock Price: As of Aug 7, 2017 JEC closed the trading session at $52.31 per share.

Jacobs Engineering Group Inc. Price

Jacobs Engineering Group Inc. Price | Jacobs Engineering Group Inc. Quote



Check back later for our full write up on this JEC earnings report later!

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